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Dec 8, 2012
12/12
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KOFY
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the year in pictures from president obama and at the world trade center to the rites in greece. look back at the memorable moments of 20 look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. >> one of 54 people in the country to 7 a 50,000 dollar award for his contribution to the arts. dedicated to keeping tradition alive. here is arts entertainment reporter don sanchez. ♪ . >> you gene rodriguez musician composer mentor 25 years ago he created this song. m ex can art center in a san pablo shopping center. where young people come to learn about the
the year in pictures from president obama and at the world trade center to the rites in greece. look back at the memorable moments of 20 look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back...
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government seems to be doing a good job, although you'll never guess who criticized president obama. do you remember michael brown? heck of a job brownie, michael brown? the former director of fema who was forced to resign after hurricane katrina. on monday, he criticized the president. he said obama may have acted too quickly. [ laughter ] instead of taking the wait and do nothing approach that worked so well during katrina. that is an interesting point coming from a former fema director and current applebee's employee of the week. [ laughter and applause ] things seem to be getting back on track here in new york. limited subway service is scheduled to resume tomorrow at 6:00 a.m. the mta is letting people ride the bus for free, which -- [ cheers and applause ] very good news. people don't have to be anywhere any time soon. make no mistake. no bus ride in new york is ever free. there is always a price that will be paid. [ laughter ] mayor bloomberg announced that all cars coming into new york city via the bridge must have a minimum of three people in them. unless one of the people i
government seems to be doing a good job, although you'll never guess who criticized president obama. do you remember michael brown? heck of a job brownie, michael brown? the former director of fema who was forced to resign after hurricane katrina. on monday, he criticized the president. he said obama may have acted too quickly. [ laughter ] instead of taking the wait and do nothing approach that worked so well during katrina. that is an interesting point coming from a former fema director and...
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Dec 7, 2012
12/12
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WMAR
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barry obama. he's just white. paid for by chris rock the vote. [ cheers and applause ] >> jimmy: he makes a good point. back to the hurricane. you know, most of the national focus has been on new jersey and new york, but it affected a lot of cities along the east coast. this clip comes to us from providence, rhode island. three counties in rhode island are asking for federal disaster relief. they got hit pretty hard, but not hard enough to blow out the birthday candles at the local nbc affiliate there. they have a regular segment on the news called first birthdays where proud parents sent their newborns' names in to be read on the air. watch this. keep in mind. this happened on monday, during the hurricane. >> we can't forget first birthdays. let's pass some greetings along. happy first birthday, dawn keibals. >> jimmy: let's look at the names, if we could. i jaz fahted. egyptian name. and the other is dawn keibals. [ applause ] dawn keibals. i know her the whole keibals family. whoever pulled that one, congratula
barry obama. he's just white. paid for by chris rock the vote. [ cheers and applause ] >> jimmy: he makes a good point. back to the hurricane. you know, most of the national focus has been on new jersey and new york, but it affected a lot of cities along the east coast. this clip comes to us from providence, rhode island. three counties in rhode island are asking for federal disaster relief. they got hit pretty hard, but not hard enough to blow out the birthday candles at the local nbc...
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Dec 8, 2012
12/12
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KPIX
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president obama wants congress to approve more than $60 billion in aid for new york, new jersey, other states. a congressman from new york confirms he expects the request to be at that level. governor comeaux is said to be pleased with the dollar amount. in the vineyards and farms of sew know may there is a place that saves lives. a school for boys troubled or hurt. >> good morning. >> reporter: that's nick on the left anchoring the hannah boys' center news. good grades, college bound. hard to believe this is the same kid who came from juvenile hall in 9th grade. >> i would have to describe nick as a rival here at hannah as one of a broken human. >> i was giving up. i was to the point where i was done. >> reporter: his parents were addicted to drugs. he is the toddler on the left. his parents would leave the children alone for days. one time in a motel. >> we didn't have money. we had video games which kind of kept us busy. >> reporter: what did you do for food? >> we didn't have any food. >> reporter: they moved every few months. then one day their parents took them to their grandpare
president obama wants congress to approve more than $60 billion in aid for new york, new jersey, other states. a congressman from new york confirms he expects the request to be at that level. governor comeaux is said to be pleased with the dollar amount. in the vineyards and farms of sew know may there is a place that saves lives. a school for boys troubled or hurt. >> good morning. >> reporter: that's nick on the left anchoring the hannah boys' center news. good grades, college...
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Dec 2, 2012
12/12
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CNNW
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fist of all, president obama reelected. you must have been a happy man. >> oh, man, i don't even know what to say about that. that's just something that we never in america -- i'm talking about americans in general not just black americans, just americans in general would never view, but just to witness that and the population that he has and it's amazing. >> do you think he's done a good enough job to deserve being reelected? >> absolutely. it's just the republicans did such a bad job not to get elected. he's just awesome. the republican party is going to have to change their whole way of handling politics in order to change because are changing. >> why are the republicans so out of touch? >> you have to have some republican representative and he has to tell you because i have no idea. >> that's very diplomatic of you, mike. >> it's true. >> you're becoming diplomatic in your old age. >> becoming very truthful because it's just unbelievable why people still have the same mentality. >> when you go back to your streets and m
fist of all, president obama reelected. you must have been a happy man. >> oh, man, i don't even know what to say about that. that's just something that we never in america -- i'm talking about americans in general not just black americans, just americans in general would never view, but just to witness that and the population that he has and it's amazing. >> do you think he's done a good enough job to deserve being reelected? >> absolutely. it's just the republicans did such...
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Dec 7, 2012
12/12
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KICU
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. >>> president obama visited a family in virginia who had written to him about the issue. the president said he was encouraged that republicans agonologied the need for additional revenue but he is not backing down on his demand that top earners pay more taxes. >> as i've indicated the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. >> instead of 65, it would be 67. polls show many americans are willing to consider that idea. >> the 2012 u.s. presidential race set a new record in campaign spending. finance filings released today show the cost of the race surpassed $2 billion. they include almost $86 million by republican presidential nominee mitt romney in the final weeks of the election. that final paoás -- boost posted the campaign total to a record high. >>> the network grew from july to september. that's a 2.7% increase to $64.8 trillion. network is still prerecession peak. a good reason why the reserve will provide better economic stimulus.
. >>> president obama visited a family in virginia who had written to him about the issue. the president said he was encouraged that republicans agonologied the need for additional revenue but he is not backing down on his demand that top earners pay more taxes. >> as i've indicated the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. >> instead of...
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Dec 7, 2012
12/12
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KTVU
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. >>> president obama visited a family in virginia who had written to him about the issue. the president said he was encouraged that republicans agonologied the need for additional revenue but he is not backing down on his demand that top earners pay more taxes. >> as i've indicated the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. >> instead of 65, it would be 67. polls show many americans are willing to consider that idea. >> the 2012 u.s. presidential race set a new record in campaign spending. finance filings released today show the cost of the race surpassed $2 billion. they include almost $86 million by republican presidential nominee mitt romney in the final weeks of the election. that final paoás -- boost posted the campaign total to a record high. >>> the network grew from july to september. that's a 2.7% increase to $64.8 trillion. network is still prerecession peak. a good reason why the reserve will provide better economic stimulus.
. >>> president obama visited a family in virginia who had written to him about the issue. the president said he was encouraged that republicans agonologied the need for additional revenue but he is not backing down on his demand that top earners pay more taxes. >> as i've indicated the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. >> instead of...
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Dec 9, 2012
12/12
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CSPAN
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as president obama has said, we must act and we must rebuild. when you consider the fact the new york metropolitan region completely shut down without an eta and our region makes up 11% of our country's gdp, this is clearly much more than a new york issue eight or -- or new york beat. this is a national issue and we need help with the federal government to rebuild the mta. thank you very much for this opportunity and i look forward to your questions. [inaudible] this thread sue our entire economy. thank you very much. you are the executive director of the port authority in new york and new jersey. we will hear from you about the port authority's efforts to recover damage to the authorities damage tunnels, trains and port. i take a moment to remind you that i was a commissioner of the port authority before i came here and actually, i was driven to my interest here as a result of the traffic co. i was running, a very large company, and we had vehicles crossing the river and they took longer and longer and longer to get to the destination and backe
as president obama has said, we must act and we must rebuild. when you consider the fact the new york metropolitan region completely shut down without an eta and our region makes up 11% of our country's gdp, this is clearly much more than a new york issue eight or -- or new york beat. this is a national issue and we need help with the federal government to rebuild the mta. thank you very much for this opportunity and i look forward to your questions. [inaudible] this thread sue our entire...
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Dec 10, 2012
12/12
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KQED
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in 2018 the obama care will start taxing the very highest premiums, the cadillac plans. anything over that will suffer an excise tax that is like adding. we're not likely to do on the retirement-savings side because people aren't saving enough for retirement anyway. we don't want to do anything that will discourage them from putting more money in the accounts. >> reporter: we could have spent the entire week in washington itemizing tax breaks, of course. child credit. earned income tax credit. special rates for dividends and capital gains. but time is short. so we ended our tax tour here with the last often heard solution. >> one proposal we've been hearing more about is simply capping deductions. $25,000. $50,000. anything beyond that, you can't deduct. what does that do and how does that work? >> reporter: the problem with capping the deductions rather than getting rid of them entirely is you lose a lot of revenue. capping at $25,000 loses almost half the revenue you'd get by getting rid of this deduction completely. capping it $50,000 loses almost a third. there's jus
in 2018 the obama care will start taxing the very highest premiums, the cadillac plans. anything over that will suffer an excise tax that is like adding. we're not likely to do on the retirement-savings side because people aren't saving enough for retirement anyway. we don't want to do anything that will discourage them from putting more money in the accounts. >> reporter: we could have spent the entire week in washington itemizing tax breaks, of course. child credit. earned income tax...
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Dec 4, 2012
12/12
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CSPAN2
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president obama's policy below for the next many years. the amazing work you did with all of us on fuel economy standards and enforcing the clean their act, which i just want to say unfortunately those two are not candidate dress. if they were here, i would address them. colleagues here and others stopped many who try to roll back the clean air act as it pertained to missions coming from utility and other polluters. i was critical because we want to be much more direct. i don't speak for anybody else on how we approach this. i just feel people have to understand that the promise that we made and we have initial studies show the progress we've made only because we fight so hard rolling back of my colleagues on the other side but the environmental writer after environmental writer. and if they don't see from superstore and sandy, the future if we just go along, i am very disturbed for our children and our grandchildren. i just want to thank you, senator whitehouse for your amazing leadership day after day. people don't know every time they s
president obama's policy below for the next many years. the amazing work you did with all of us on fuel economy standards and enforcing the clean their act, which i just want to say unfortunately those two are not candidate dress. if they were here, i would address them. colleagues here and others stopped many who try to roll back the clean air act as it pertained to missions coming from utility and other polluters. i was critical because we want to be much more direct. i don't speak for...
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Dec 6, 2012
12/12
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WTTG
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>> we always listen to the obama girls. >> very smart. if the obama girls are happy, the parents are happy and we're all happy. this year it's the navy band and the different branches rotate. >> yes, they do. that's an essential feature . one of the military bands. and this year it is the navy band and they are terrific. wonderful compositions are playing. >> i want to know who gets these front row seats. >> well, first of all, the show is free and the tickets are distributed by a lottery. the 21,000 people are paying nothing to be here. got in through the ticket lottery. this is a show for washingtonians. and for those who didn't get into the lottery, they can watch the show at 4:30 tonight. >> for the people who do have the tickets, there's no specific seating? >> we have sections. so depending where they were. there's sections but that's just to control the flow in here. a lot of people in here quickly and lock the site down for security reasons. >> i know the stars are coming and the band is on stage and the president and the first fa
>> we always listen to the obama girls. >> very smart. if the obama girls are happy, the parents are happy and we're all happy. this year it's the navy band and the different branches rotate. >> yes, they do. that's an essential feature . one of the military bands. and this year it is the navy band and they are terrific. wonderful compositions are playing. >> i want to know who gets these front row seats. >> well, first of all, the show is free and the tickets are...
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. >>> new this morning, president obama is taking a partisan tone in his weekly address blaming house republicans for blocking a bill to resolve the fiscal cliff crisis. congress has not compromised on whether taxes should be raised on wealthy americans to help reduce the deficit. latest version of the plan would prevent a tax hike on the first quarter million dollars of a person's earning. >> the wealthiest americans would get a tax cut on first $250,000 and families everywhere would enjoy peace of mind. senate has done their part. we're waiting for republicans and so far they have put unballoted plan that lowers rates for the wealthy americans. >> marco rubio says it will not reduce the nation's $16 trillion debt. >> officials for the proposed sonoma marin smart train are looking to get federal funding to buy more train cars. smart train is committed to go to cloverdale and larkspur but more rail cars would be needed. they report that money force the cars would come out of the budget for pedestrian and bicycle paths. bicycle advocates say it will take away two-thirds of their fundin
. >>> new this morning, president obama is taking a partisan tone in his weekly address blaming house republicans for blocking a bill to resolve the fiscal cliff crisis. congress has not compromised on whether taxes should be raised on wealthy americans to help reduce the deficit. latest version of the plan would prevent a tax hike on the first quarter million dollars of a person's earning. >> the wealthiest americans would get a tax cut on first $250,000 and families everywhere...
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Dec 8, 2012
12/12
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KRON
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>>pam: president obama is asking congress for money on behalf of the states hardest hit by superstorm sandy. a white house official says, the president has requested 60- point- four billion dollars. in a joint statement on the matter, governor andrew cuomo of new york and new jersey governor chris christie say, this money will help their states recover, repair, and rebuild. they also say, their request includes funding to invest in efforts to protect the region from impact of storms like sandy. both governors recently went to washington to lobby lawmakers for federal funds. >> a new jobs report shows. a big drop in the nations unemployment. last month, 146- thousand jobs were added in the u-s. right now, the unemployment rate is 7-point-7 percent. that number does not include people who have stopped looking for work. still - it is the lowest percentage in 4-years. kron 4's justine waldman has a closer look at employment growth here in the bay area. and shows us where the jobs are here >> according to the california employment development department. there are jobs in the bay area. you
>>pam: president obama is asking congress for money on behalf of the states hardest hit by superstorm sandy. a white house official says, the president has requested 60- point- four billion dollars. in a joint statement on the matter, governor andrew cuomo of new york and new jersey governor chris christie say, this money will help their states recover, repair, and rebuild. they also say, their request includes funding to invest in efforts to protect the region from impact of storms like...
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. >> new this morning, president obama is taking a sharply partisan tone in his weekly address blaming house republicans for blocking a bill to resolve the fiscal cliff crisis. as we move closer to a year end deadline where huge tax increases kick in and tax cuts kick in, they have not compromised to help reduce the deficit. latest senate version would prevent a tax height on the first $250,000 of earning. >> the americans will get a cut on the first $250,000 of their income and families everywhere would enjoy peace of find. the senate has done their part. we are waiting for republicans in the house to do the same thing but so far they have put forward an unbalanced plan that actually lowers rates for the wealthiest americans. >> republican florida senator marco rubio said tax increases will not reduce the nation's $16 trillion debt. >>> officials for the proposed sonoma rail transit project or smart train are looking to get $16.6 million in federal fund to go buy more train cars. today the press democrat reports money otherwise would be used for local pedestrian and bicycle paths. it
. >> new this morning, president obama is taking a sharply partisan tone in his weekly address blaming house republicans for blocking a bill to resolve the fiscal cliff crisis. as we move closer to a year end deadline where huge tax increases kick in and tax cuts kick in, they have not compromised to help reduce the deficit. latest senate version would prevent a tax height on the first $250,000 of earning. >> the americans will get a cut on the first $250,000 of their income and...
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Dec 8, 2012
12/12
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CNBC
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he's caught between the elected obama and the unelected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks aren't any worse and may actually be better than a cup of joe from starbucks? let us count the ways that this analyst meeting slash lovefest, they will tell you that there's no better way to preserve your heart than to drink a taste of monster every morning. now, analysts will be plenty hopped up when they come out of this meeting because they'll be recommending this stock in high-speed fashion. next on wednesday we're going to get the results from joy global. here's the company that has the best read on chinese growth of all the companies i follow. in fact, joy global call
he's caught between the elected obama and the unelected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks...
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. >> new this morning, president obama is taking a sharply partisan tone in his weekly address, blaming house republicans for blocking a bill to resolve the fiscal cliff crisis. as we move closer to a year end deadline where huge tax increases kick in and tax cuts kick in, they have not compromised to help reduce the deficit. the latest senate version would prevent a tax height on the first $250,000 of earning. >> the wealthiest americans would get a tax cut on the first $250,000 of their income and families everywhere would enjoy some peace of mind. the senate has done their part. we are waiting for republicans in the house to do the same thing, but so far they have put forward an unbalanced plan that actually lowers rates for the wealthiest americans. >> republican florida senator marco rubio said tax increases will not reduce the nation's $16 trillion debt. >>> officials for the proposed sonoma-marin rail transit project or smart train are looking to get $16.6 million in federal fund to go buy more train cars. today the press democrat reports money otherwise would be used for local p
. >> new this morning, president obama is taking a sharply partisan tone in his weekly address, blaming house republicans for blocking a bill to resolve the fiscal cliff crisis. as we move closer to a year end deadline where huge tax increases kick in and tax cuts kick in, they have not compromised to help reduce the deficit. the latest senate version would prevent a tax height on the first $250,000 of earning. >> the wealthiest americans would get a tax cut on the first $250,000 of...
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Dec 8, 2012
12/12
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KRON
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president obama is continuing to push for his middle class tax cut plan. in his weekly me the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign. >> for the gop, florida senator marco rubio says tax increases will not solve the nation's 16 trillion dollar debt. he says the only way to do that is through economic growth and reform of entitlement programs. rubio says that limited government can help restore the middle class. >> be extra careful of side due to the fog. this is a view from our mt. tam and there is fog in the midst of clouds. it is partly cloudy. it is mostly sunny conditions for the afternoon. clear skies are expected for the afternoon. it take a look at the yellow on your spring this is where the dense fog a
president obama is continuing to push for his middle class tax cut plan. in his weekly me the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign....
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Dec 5, 2012
12/12
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FOXNEWSW
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i think that president obama president obama did a much better job making the election about dancing horses and contraception and gay marriage. but it's not about that. we are going down the tubes and we have this massive onslaught of taxes coming on in the midst of a terrible economy. greg: i asked this of mary katharine ham. a republicans making a big mistake by being painted into a corner as defending the rich? >> i think that if it gets portrayed like that -- republicans are terrible and they need to learn how to talk about fiscal responsibility in a bright and positive way. they have not been very good at that. mitt romney, though i thought he turned out to be a strong candidate, he always we failed to tell the story of low taxes and limited government and freedom. so republicans need to learn how to do this much better. greg: charlie, thank you so much. it's good to see you. jenna: turning next to the new generation of al qaeda fighters. they may have new tactics, but their goal is still to destroy our way of life. up next, a closer look at what really do we face in the year ha
i think that president obama president obama did a much better job making the election about dancing horses and contraception and gay marriage. but it's not about that. we are going down the tubes and we have this massive onslaught of taxes coming on in the midst of a terrible economy. greg: i asked this of mary katharine ham. a republicans making a big mistake by being painted into a corner as defending the rich? >> i think that if it gets portrayed like that -- republicans are terrible...
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Dec 8, 2012
12/12
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KPIX
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but music you like or resonate to. >> president obama listens to jazz before speeches to relax him. that works for him. >> the mechanism of that is interesting. we have neurons in our brain that floss with the beat of the music. if it is slower it will calm you down. if it's rapid just ahead of the pace that you would be running at it can help you to increase your running time. athletes use music to help give them that boost. >> seems retailers use music to boost sales. >> there's a whole literature on this. there's a subfield of retail and music and it turns out around christmas time we hear music and that makes people want to buy more because it reminds them of christmases past with their families. but, you know, it reaches a point of diminishing return. after a couple of weeks -- >> you're sick of those songs. >> make it stop. >> you're not thinking about fun christmases, you're thinking about that horrible time in the mall last week. >> thank you. >> in the mall parking lot last week. coming up next there's a place in france where courtesy and politeness are the order of the day
but music you like or resonate to. >> president obama listens to jazz before speeches to relax him. that works for him. >> the mechanism of that is interesting. we have neurons in our brain that floss with the beat of the music. if it is slower it will calm you down. if it's rapid just ahead of the pace that you would be running at it can help you to increase your running time. athletes use music to help give them that boost. >> seems retailers use music to boost sales....
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Dec 7, 2012
12/12
by
CSPAN
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eye 125
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as president obama said we must act and we must rebuild. as you consider the fact that the region shuts down without the m.t.a. and the region makes up 11% of the country's g.d.p. this is more than a new york issue or a new york need. this is a national issue, it is a national need and we're going to need help from the federal government to help us rebuild the m.t.a. thank you very much for this opportunity and look forward to questions later. [indiscernbile] it is not a tristate thing. it threads through our attire -- entire economy. the executive director of the port authority of new york and new jersey, we will hear from you about the efforts to recover from damage to the authority's tunnels, trains, airports, and port. i will take a moment to remind you that i was a commissioner of the port authority before i came here. actually, i was driven -- my interest here as a result of that traffic of the company that i was running was a very large company, and we had vehicles crossing the river, and it took longer and longer and longer to get t
as president obama said we must act and we must rebuild. as you consider the fact that the region shuts down without the m.t.a. and the region makes up 11% of the country's g.d.p. this is more than a new york issue or a new york need. this is a national issue, it is a national need and we're going to need help from the federal government to help us rebuild the m.t.a. thank you very much for this opportunity and look forward to questions later. [indiscernbile] it is not a tristate thing. it...
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Dec 6, 2012
12/12
by
KRON
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eye 237
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the administration is taking a tough line on the fiscal cliff as far as the obama resumes contact with house speaker john banner. treasury secretary says that the administration will absolutely let the double whammy take effect as scheduled on less republicans give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the statement was stunning and irresponsible. egest republic golegest republis ordered protesters supporting and opposing president mohammed morsi to leave the area around the presidential palace that has been the site of fierce clashes. the guard gave broad protesters on both sides time to clear out. >> the death toll from the typhoon hit the southern philippines has climbed to 350 people today. it hit hardest in the southern philippines where entire families were washed away. and the four injured people are still missing. nato has called on north korea to cancel its plans for a second rocket launch. a
the administration is taking a tough line on the fiscal cliff as far as the obama resumes contact with house speaker john banner. treasury secretary says that the administration will absolutely let the double whammy take effect as scheduled on less republicans give and to president obama as the man to raise tax rates at all where income levels. geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the...
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president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't think that the issue right now has to do with sitting in a room. >> reporter: earlier, the president met with the bipartisan group of governors. >> we understand th
president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to...